Richard Arden
Took to big of a deduction this year??
15 April 2020 | 3 replies
My broker advised me to contact my CPA to amend my schedule E to take less of a deduction.
Heather Lewis
No changes to passive loss rules in the new tax bill ?
16 April 2020 | 2 replies
If so, it seems like the only benefit is the change in depreciation bonus rules from 50% to 100% - if PALs haven't changed.Now, I need to go figure out where I would see about bonus depreciation in my last 2 tax forms, and see if I need to amend them.
William Thresh
Commercial tenants not paying, how should I structure?
19 April 2020 | 13 replies
For our deferment plans and lease modifications, we have been drafting lease amendments with the revised payment schedule with several other legal provisions for the tenant to sign.
Sharon Ho
Tenants using inhabitable rooms as bedrooms
17 April 2020 | 40 replies
@Sharon HoThe ceiling height per the code is 7 feet for 30% of the space, not 7 feet for the entire space unless the city has amended the code.
Blaine Kosek
Late on Rent during Corona Virus but working
17 April 2020 | 14 replies
Furthermore, request in the letter that the state reimburse you for your financial loss, because they are are violating your 5th amendment rights under the taking clause.
Michael J Scanlon
Self directed 401k typical fees?
29 March 2020 | 7 replies
You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.
Bernadeau C.
Problem financing duplex that is listed as 2 townhomes by county
26 March 2020 | 4 replies
Then, amend your sales contract with new dates, as you may need to push back the financing commitment date and the closing date.
Heather Frusco
Why is Rent still due during COVID-19?
11 September 2020 | 328 replies
Constitution (applies to the States through the 14th Amendment) forbids impairing lawful contracts.State can make it onorous (sp) to get your money, but it cannot abrogate the accrual of rent or the right to (eventually) get it unless barred by bankruptcy
Navid A.
Mileage deductions in a multi-member LLC
26 March 2020 | 9 replies
@Navid A.Might want to amend the operating agreement to expressly disallow reimbursement for auto expenses and require the members to incur and pay these expenses outside of the partnership.UPE can't be taken on expenses the partnership could have reimbursed.Your tax professional should be discussing this with you.
Tony T.
NY Bill Would CANCEL Rent for 90 Days, Not Postpone.
24 July 2021 | 172 replies
@Tony T.I am no constitutional law scholar, but this at least appears to violate the takings clause of the fifth amendment.